Correct. Thanks:) Correct.. one's situation even includes his/her personality. Correct.. they are also not the reasons he should buy a pre-construction home. The reasons were mentioned earlier. The thread is about real estate. Helping is fine. Helping others in anyway is fine. My 0.0200...

Hello, I still think he MUST buy now for the reasons mentioned. Use what if questions properly and you will grow your business phenomenally. You obviously already do that. Had you not, you would not be here investing and owning much. In other words, what if questions should not be confused with...

Thank you Mr. Knechtel and Mr. Beyer. You helped because if it depends, and not at all that clear as you well explained, then for sure they prefer carpet and not adding 10k. Because otherwise, personally, they really do not care that much

Hi A family member purchased a town home from a big builder and has a small dilemma: The town home has 3 floors and comes with carpeted plywood stairs. If he wants hard wood stairs instead he needs to add 10k. (Main floor comes with laminate and 2nd and 3rd floors carpets - included in the...

Hello Chris, Yes you have a good option. I think, as opposed to the recommendations above, the following is your best option: - Buy as soon as possible a pre-construction/pre-sale property (perhaps freehold town home) on paper from a builder. Best if you can find a 'VIP' price - not that it...

What about all the REIN members recommending the opposite? - work with a good broker/banker. He/she can even be in a different province. The relationship you have with them, their ability/experience and how professional they are is what counts, not where they are located. Thanks, Neil

Thanks Seeley!

Hello, My friend's lawyer has contacted him as Mpac contacted his lawyer (just to get his phone number as they did not have it). They want to ask my friend few basic question about a 10-plex he purchased last year. My friend has no problem providing Mpac with the information and will obviously...

Hi, My business partner has a 5-plex he wants to refinance with RBC. (RBC is apparently the only bank still seeing 5-plex and 6-plexes as residential, not commercial) He knows no one at RBC. Therefore, which banker to work with is flexible. Should he try working with RBC branch in the small...

Sooner or later you will find out that when you never sell, there is no better time to buy.

Just refreshing to see if there any fire girl here who knows? or fire guy. Thanks, Neil

It's in Ontario. Well my fiend's son is the owner's son because my friend is the owner. Isn't it legit and legal? (Form n12?). The question is what is the likelihood of my friend getting in trouble if his son decides last minute not to move in or not to stay more than a week?

Hi, My friend is dealing with a mentalcase. The mentalcase is currently living in the basement of my friend's 4-plex. Lets just say this mentalcase is currently on the world's most unwanted list. My friend has this idea to serve him a notice letting the mentalcase know my friend's son...

Hi, My friend is purchasing a 10-plex. Must the Seller provide the Buyer with a fire retrofit report? Could my friend close/get a mortgage even If Seller does not even have such a report? Or would my friend then be required to have a fire retrofit inspection done? Can my friend request a...

Hi, My friend has a 3 storey 16-plex. Should a fire drill be held at least once a year? Or not in all buildings? Also, do fire inspection companies usually complete that during their annual inspection of the building? Or does the property manager typically conduct that? Also, his building...

Since you can not qualify nor want to sell and trigger closing costs like land transfer tax, how about the following: - your new partner pays you 20% of the current appraised value - no change in mortgage - you continue with same payments. - sign JV agreement defining your 50/50 structure...